Highwoods Properties, Inc. (NYSE:HIW – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $24.50 and last traded at $24.72, with a volume of 184180 shares traded. The stock had previously closed at $25.21.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on HIW shares. Wells Fargo & Company raised their target price on Highwoods Properties from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, November 22nd. Morgan Stanley downgraded Highwoods Properties from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $29.00 to $26.00 in a research note on Thursday. Truist Financial decreased their target price on Highwoods Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Finally, Credit Suisse Group dropped their price target on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 24th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.29.
Highwoods Properties Trading Down 6.3 %
The company has a debt-to-equity ratio of 1.29, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 16.07 and a beta of 1.14. The business has a fifty day moving average price of $28.59 and a 200 day moving average price of $28.49.
Highwoods Properties Dividend Announcement
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its position in Highwoods Properties by 103.2% during the fourth quarter. IFP Advisors Inc now owns 878 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 446 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Highwoods Properties in the 4th quarter worth approximately $28,000. Ellevest Inc. increased its position in shares of Highwoods Properties by 98.2% during the fourth quarter. Ellevest Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 542 shares during the period. CENTRAL TRUST Co increased its position in shares of Highwoods Properties by 76.6% during the third quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Finally, Heritage Wealth Advisors increased its position in shares of Highwoods Properties by 59.0% during the fourth quarter. Heritage Wealth Advisors now owns 1,617 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 600 shares during the period. Institutional investors own 94.57% of the company’s stock.
About Highwoods Properties
Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of rental office properties. It operates through the following geographical segments: Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond, and Tampa. The company was founded by Ronald P.
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